Page 2 - Sameer Soleja News Today

Share this article Share this article HOUSTON, May 6, 2021 /PRNewswire/ -- Molecule, the leading SaaS platform powering the energy transition, announced the close of their $12 million Series A preferred round of funding. The investor group includes Mercury, a Houston-based early-stage venture capital firm that was an early believer in the Molecule team. Molecule will use the new capital to capitalize on its strengths, further building out its Elektra offering for physical and financial power an...

Backers included Mercury. The company will use the new capital to further build out its Elektra offering for physical and financial power and launch offerings to manage renewables credits and back-office ETRM functionality. Led by Sameer Soleja, founder and CEO, Molecule provides SaaS based energy trading and risk management solution which supports a wide variety of physical and financial commodities, including power, natural gas, crude/refined products, chemicals, agricultural commodities, sof...